Superior Drilling Products (SDPI) Reports Q1 Loss of $0.01, Revenues Beat; Affirms FY19 Revenues Guidance Above Consensus

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Go back to Superior Drilling Products (SDPI) Reports Q1 Loss of $0.01, Revenues Beat; Affirms FY19 Revenues Guidance Above Consensus

Superior Drilling Products, Inc. Delivered 9.5% Revenue Growth and Generated $1.0 Million in Cash for First Quarter 2019

May 9, 2019 6:30 AM EDT

Revenue grew 9.5% over the prior year and 44.7% over the sequential quarter Cash generated from quarter operations nearly doubled to $1.0 million Making progress in Middle East market as runs with the Drill-N-Ream® increase

VERNAL, Utah--(BUSINESS WIRE)-- Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or the Company), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter ended March 31, 2019.

Troy Meier, Chairman and CEO, noted, Our performance... More